Wednesday, Aug 22, 07:37 GMT
EUROPEAN Trading Newsletter
To Get Started
- MG Financial Response to Francesc Riverola's "Open letter to FXstreet's clients affected by NFA capital requirement changes"
- Tony Juste is back! Check the Advisor Blog now
- FXstreet.com 1st International Traders Conference - Come and meet our renowned Speakers
- Special Webinar: How to Capitalize on the Credit Crunch Crisis with Currencies
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
What moves currencies? − CHF lookup
Expert: Tony Juste
Start: Wed, Aug 22, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Wed, Aug 22, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 22, 10:00 GMT | What moves currencies? − CHF lookup | Tony Juste | WBN | |
| Wed, Aug 22, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Wed, Aug 22, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
| Wed, Aug 22, 14:00 GMT | Specific technical indicators and tools for tracking accurancy in FX trading | Don Wilcox | WBN |  |
Current Session: Europe
USD/JPY
Daily Market Commentary − The FX markets enjoyed the second day of uneasy calm on Tuesday by Global Forex Trading Ltd.
As expected, dollar/yen's recovery on Monday didn't last long, as the pair fell on the day. Following an early mild recovery the sell−off should resume as the pair remains under the trendline rising since January 2005, now at 116.00. Initial support is at 114.20 from another 50−point pivot that targets 113.70 and 114.70. Below 113.25, support is at 112.90 from a 50−point pivot that targets 113.40 and 112.40.
- Tony Juste is finally back! Read his last weblog posts
- The Signals Tracker: performance of signals providers
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily technical research by FX Instructor
Intra−day forex market trend by i−knowindices.com
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.3480
08/22/2007 07:21 GMT - GBP/USD
- Moves up above pivot level 1.9822
08/22/2007 07:21 GMT - USD/CHF
- Continues to trade around opening price level 1.2062 , above pivot level 1.2047
08/22/2007 07:21 GMT - USD/JPY
- Moves up toward first resistant level 115.11
08/22/2007 07:21 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP JPY, Hourly
USD CAD, Hourly
Top Market Movers Preview
EMU INDUSTRIAL NEW ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 22 | 09:00 | Industrial New Orders s.a. (MoM) | 2.0% | 1.7% |
| Aug 22 | 09:00 | Industrial New Orders (YoY) | 12.4% | 9.1% |
EMU economic indicators - German ZEW economic sentiment is expected to plummet in August by BHF−Bank
In June, EMU industrial new orders are likely to have gained momentum, just like the corresponding German figure. As usual, the EMU trade balance and current account probably rebounded in June.
[ Full Story ]Top Market Movers Review
Australia WESTPAC LEADING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 22 | 00:30 | Westpac Leading Index (MoM) | 1.0% | - | 6.1% |
Australia's June Westpac leading indicator up annualized 7.1 pct vs 6.2 pct May (Thomson Financial News)
The Westpac−Melbourne Institute leading index of economic activity, which indicates the likely pace of economic activity three to nine months into the future, rose at an annualized rate of 7.1 percent in June.
[ Full Story ]- Visit Westpac Banking website
- Australian Leading Economic Index Up 1% In June (Dow Jones)
Japan MERCHANDISE TRADE BALANCE TOTAL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 21 | 23:50 | Merchandise Trade Balance Total | 671.22B | 829.00B | 1227.00B |
Japan July trade surplus falls 21.1 pct to 671.22 bln yen, 1st drop in 9 mths (Thomson Financial News)
Japan's merchandise trade surplus fell 21.1 percent from a year earlier to 671.22 billion yen in July, the Ministry of Finance said on Wednesday. This was the first time in nine months that Japan's custom−cleared trade surplus had dropped from the previous year's level.
[ Full Story ]- Read the Trade Balance report at Japan Ministry of Finance
- Japan's trade surplus shrinks in July on higher fuel imports − UPDATE (Thomson Financial News)
- Japan July trade figures with Asian countries (Thomson Financial News)
- Japan July trade figures with Asia, US and EU (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 21 | 23:50 | JP | Adjusted Merchandise Trade Balance (Jul) | ¥822.60B | ¥760.00B | ¥823.77B |
| 23:50 | JP | Merchandise Trade Balance Total (Jul) | 671.22B | 829.00B | 1227.00B | |
| Aug 22 | 00:30 | AU | Westpac Leading Index (MoM) (Jun) | 1.0% | 6.1% | |
| 09:00 | EMU | Industrial New Orders (YoY) (Jun) | 12.4% | 9.1% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Jun) | 2.0% | 1.7% | ||
| 14:30 | US | EIA Crude Oil Stocks (Aug 17) | -5.2M | |||
| Aug 23 | 03:00 | JP | BoJ Interest Rate Decision | 0.5% | ||
| 06:00 | DE | Gross Domestic Product (QoQ) (2Q) | 0.3% | 0.5% | ||
| 22:45 | NZ | Trade Balance (Jul) | -0.52 | |||
| Aug 24 | 08:00 | EMU | Purchasing Manager Index Services (Aug) | 58.0 | 58.3 | |